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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Energy Oil & Gas E&P
Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Baytex Energy Corp
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Post by BayStreetWolfTOon Jun 07, 2021 8:59am
106 Views
Post# 33339057

FX rarely discussed but positive Macro for BTE

FX rarely discussed but positive Macro for BTEThe rise in FX CAD/USD is certainly making a positive impact on BTE.

Convert the debt to CAD at .70 a short time ago or .83 or close to it now.

$900M USD LT Notes

@ 70 CAD 1.285 CAD @ 83 CAD 1.084 CAD

Almost wiping 200K CAD just on FX in a short time period.

That is a material change from a percentage standpoint.

Reference: https://www.bloomberg.com/quote/CADUSD:CUR
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